PRESS STATEMENT (FOR IMMEDIATE RELEASE)

7th February 2012

PERMAS is totally shocked and disappointed with the recent statement by the Federal Territories and Urban Wellbeing Minister Datuk Raja Nong Chik Raja Zainal Abidin who announced that the Kuala Lumpur City Hall (DBKL) is offering low cost housing loans to low income earners from a funding of up to RM1.5 billion obtained from the Employees Provident Fund (EPF).

It is very obvious that the Federal Government seems to have run out of ideas to tackle the issue of housing for the poor! The people’s savings stored in the EPF has become the scapegoat of the Minister Raja Nong Chik and the Federal government in their bid to try and fulfill promises of housing for the poor, or perhaps is it a sad but risky ploy to buy favour and votes from the rakyat??

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